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BOISE/NEW YORK - McCormick & Company (NYSE:MKC), a global flavor company, has implemented Clearwater Analytics’ (NYSE:CWAN) commercial paper workflow solution to enhance its short-term capital raising operations, according to a press release statement.
The adoption comes as U.S. commercial paper outstanding reached over $1.4 trillion as of May 2025, representing a 13% year-over-year increase based on Federal Reserve data.
Tony Masteran, Senior Treasury Manager at McCormick, said the platform provides "a clear, real-time view of our commercial paper program" which is "essential to managing costs and executing quickly" in the current interest rate environment.
The solution offers benchmarking tools for assessing issuance rates, real-time monitoring of maturities and allocations, and integrated reconciliation of dealer quotes and settlement data.
Scott Erickson, Chief Revenue Officer at Clearwater Analytics, noted that McCormick’s implementation represents a broader trend of corporations moving from "fragmented, transaction-based approaches to integrated, technology-enabled capital optimization."
The press release indicated that as the Federal Reserve’s hiking cycle has peaked with short-term rates expected to decline, many corporations are strategically increasing short-term debt issuances while limiting longer-term commitments.
McCormick & Company operates in over 150 countries with annual sales exceeding $6.7 billion. Clearwater Analytics provides investment management technology that supports over $8.8 trillion in assets globally.
In other recent news, Clearwater Analytics Holdings reported its Q1 2025 earnings, exceeding analyst expectations with an earnings per share of $0.13, surpassing the forecast of $0.12. The company’s revenue also outperformed predictions, reaching $126.9 million compared to the anticipated $125.08 million. DA Davidson maintained its Buy rating on Clearwater stock, with a price target of $36.00, highlighting a 24% year-over-year increase in total revenue and a 40% growth in adjusted EBITDA. The firm noted Clearwater’s strategic acquisitions, which are expected to enhance its technology offerings significantly.
Goldman Sachs resumed coverage on Clearwater Analytics with a Neutral rating and set a price target of $26.00. The firm emphasized the strength of Clearwater’s core accounting platform, which accounts for about 70% of its revenue, and projected a sustainable 20% growth in this segment. Oppenheimer lowered its price target on Clearwater to $36.00 from $40.00, citing integration risks but maintained an Outperform rating. The firm expressed optimism about Clearwater’s demand, integration plans, and growth strategy.
Additionally, Clearwater Analytics announced a strategic collaboration with Bloomberg to deliver an integrated investment solution for asset owners and managers. This partnership aims to enhance operating capabilities by combining Bloomberg’s enterprise investment solutions with Clearwater’s accounting platform. These recent developments reflect ongoing strategic efforts and financial performance enhancements by Clearwater Analytics.
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